Week in Review🤡 (Mar 27 - Apr 1)
Happy April Fools’ Day!!🤡, Quick Recap of the week, Funding Deals and R&S Recommends content to learn and grow.
It’s already month 4 of 2023.
Happy April Fools’ Day!!🤡
“The greatest fools are ofttimes more clever than the men who laugh at them.” - George R.R. Martin
Today, we are covering:
Quick Recap of the week
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Quick Recap of the Week
ISRO successfully launches 36 satellites for OneWeb🚀
OYO & Mamaearth put IPOs on hold amid tech downturn📊
First Citizens Bank to acquire SVB’s deposits, and loans from FDIC🏦
NPCI sets a 1.1% interchange fee on UPI payments via PPIs, wallets💸
ChatGPT may soon help consumers file complaints🖱️
Good Glamm Group, Akshay Kumar enter into JV for selling men’s care products🧔🏻♂️
Elon Musk, other tech leaders call for AI pause, citing 'profound risks to society'⏸️
Big Four firms see a spike in client requests for AI integration👩🏻💼
PhonePe calls off ZestMoney deal amid due diligence concerns⚔️
Let’s move on to the top funding deals from the week.
upGrad raises $36.4 million through rights issues from Ronnie Screwvala, Temasek, and others.
Fashinza, a B2B marketplace for global fashion supply chains, has secured $30 million in working capital funding from Mars Growth Capital and Liquidity Group.
The Souled Store has raised Rs 135 crore ($16.4 million approximately) in a Series C round led by Xponentia Capital Partners with participation from returning investors Elevation Capital and RPSG Capital.
Home interior solutions startup Design Cafe has raised Rs 40 crore, led by private equity fund WestBridge Capital, Mirabilis Investment Trust and venture debt fund Alteria Capital.
One-click payment checkout enabler Nimbbl has raised $3.5 million across its seed and pre-series A rounds from Groww, Sequoia Capital India and Global Founders Capital (GFC).
Deeptech startup Uravu Labs has raised $2.3 million in seed round from JITO Angel Network, Anicut Capital, Speciale Invest, and Rocketship.vc.
I have compiled a sheet with all the funding deals in March💸📈
If you want access to it, simply comment below with the word "Funding" and follow Sumit. I'll be sending it to your DMs✉️
Thanks for reading till the end!